DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S SHREE AGRAWAL FINANCE INDIA P. LTD.,, NAGPUR
In the result, Revenue’s appeal is dismissed
ITA 176/NAG/2016[2011-12]Status: DisposedITAT Nagpur15 May 2025AY 2011-12
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Sachin V. LuthraFor Respondent: Harshad S. Vengurlekar
Section 10(34)Section 10(35)Section 132Section 139(1)Section 143(3)Section 153ASection 24
section 153A of the Act the Assessing Officer made various additions by examining the Profit & Loss
Account, Tax Audit Report and assessed income was computed at `
8,14,83,740. Claim u/s 24(a) from house property income
(i)
` 1,36,709
disallowed
Agricultural income has been treated as business
(ii)
` 2,52,393
income
Dividend income claimed exempt